We know from the novel that Smaug’s wealth comes down to three primary components, the mound of silver and gold that he sleeps on, the diamonds and other precious gemstones encrusted in his underbelly, and the “Arkenstone of Thrain,” which is depicted as something like the Hope Diamond on steroids.

Estimating the size of the mound, Smaug’s belly, and the Arkenstone required going beyond Tolkien’s text to Dungeons and Dragons reference websites, current commodity prices, and a lot of assumptions.

Noer came out with a figure of approximately $8.6 billion. That’s higher than the magazine’s calculation of the fortunes of Facebook founder Marc Zuckerberg, media magnate Rupert Murdoch, and mutual-fund company head Ned Johnson. But it’s less than a sixth of the estimation for Microsoft cofounder Bill Gates.

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About the Author

J. L. BELL is a writer and reader of fantasy literature for children. His favorite authors include L. Frank Baum, Diana Wynne Jones, and Susan Cooper. He is an Assistant Regional Advisor in the Society of Children's Book Writers & Illustrators, and was the editor of Oziana, creative magazine of the International Wizard of Oz Club, from 2004 to 2010.

Living in Massachusetts, Bell also writes about the American Revolution at Boston 1775.